Incorporated Joint Venture Agreement Sample

In the absence of a joint venture agreement, the law may consider your cooperation to be effectively a legally recognized partnership and apply standard state laws for tax and liability purposes. Unlike a formally organized partnership, joint ventures are not permanent and are often dissolved in such situations: joint ventures have a limited lifespan and purpose and require less commitment than a more sustainable type of partnership that imposes more responsibilities and obligations on each partner. A joint venture agreement is a contract between two companies or individuals who agree to cooperate to achieve a specific objective. A completed joint venture template should contain details such as the members of the company, the responsibilities of the members, the objectives of the company, as well as the start and end date.